Darrell Greer
Northern News Services

Rankin Inlet (Nov 21/05) - With its finances in order, and new staff with a new direction, the Sakku Investment Corp. is looking towards the future with optimism.

Sakku will now turn its attention to new investment possibilities which may emerge, especially in the exploration industry, said Hamish Tatty, who started as chairperson of the company's board 18 months ago.

"There have been ongoing talks between the Kivalliq Inuit Association and Cumberland Resources Ltd. that have been positive enough to make it a little easier to sleep at night," he said.

"Most of the discussions are focused on the Meadowbank gold project, and we're going to see some significant movement there within the next 18 months."

The company presented the Kivalliq Inuit Association (KIA) with a dividend cheque this past month, marking the first time in history the investment firm paid a yearly dividend to its parent company.

Tatty attributes the turnaround to the staff's hard work, and the determination of executive board members to trim away unnecessary expenses.

"Among my priorities when I took over this position was to make sure Sakku cleaned up a number of its previous investments and started making better decisions in the future," said Tatty.

"The current board and staff members at Sakku are proud to be changing the company around from the ways of the past.

"Hopefully, we'll continue to progress and be able to benefit the people of Kivalliq more in the future."